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tv   After the Bell  FOX Business  April 25, 2019 4:00pm-5:00pm EDT

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sector at about 15 times, this is the growth sector at 22 times clearly you want to be in the value sector. [closing bell rings] liz: great to see you. we're not at a nasdaq record. let's get ready for earnings from amazon. melissa: stocks extending the day mixed ahead of earnings report from amazon, intel and ford. the dow ending the day down 132 points, dragged down by 3m after an earnings miss. nasdaq fighting to close at a new record high, if it does it would be the 97th record close for the index under president trump. the s&p 500 also fighting to end in record territory. i'm melissa francis. connell: i'm connell mcshane. very fun stuff. another busy edition of here "after the bell" with those amazon earnings expected to come out any second now. so as always we've got you covered on all the market movers that will impact the trade at the open tomorrow.
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melissa: so as we await those results microsoft nearing the one trillion dollar mark for market value. it beat yesterday. let's bring in the market panel, kevin kelly, erin gibbs, s&p advisory services portfolio manager, boy that is a mouthful. erin, let me start with you. erin sikes. so what do you think right now, of this market, how earnings are performing? do you think there is still more room to rise, and do you think it reflects where the economy is headed? >> you mean erin gibbs? melissa: sorry, go ahead. >> i think there is actually a lot of room to rise. we're looking at them beating estimates both top and midline. this company is just hitting on all marks. we're seeing higher ad revenue growth. we're seeing mid-teens revenue growth. high to mid-teens revenue growth.
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even with the valuation. they do have, considering they're looking to earnings, grow their earnings at about 48% this year, 45%, these are unheard of numbers for a company this large. so i think there is a lot of room and they're becoming more competitive in the ad space. melissa: kevin, does this reflect, you know, larger forces in the economy right now? this is a look inside of the consumer? >> i think you're bringing up a great point about a look inside of the consumer. amazon doubling down efforts on gaining e-commerce sales. if you look at broader products they provide on a private label basis. they have over 400 brands providing 23,000 skus that tells you where they want to go and where they want to dominate. i think amazon web services is icing on the cake. they can scale the platforms and rent them out to users. the important part the last quarter they said they're reinvesting in their businesses. they were down on the earnings
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because of the warehouses they're investing in. melissa: we're showing $7.09 actual. there has to be a lot more color there. erin, out of the gate, what would you think about that, what do you think the comparison is? >> that's beat. that's good. that's what we're expecting. and again i think, what we're really want to drill down is moving away from the products and seeing the breakdown between making sure they still have those services as low as some of the really high margin when it comes to ad revenue. with all these companies we're talking about, all the big companies it is services that is the growth area. that is what we look at. melissa: kevin, we're sorting that number. that is wildly different. we have to figure out what the actual comparison is. go ahead? >> i do have some of the numbers. amazon web services net sales were actually slightly beat at
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7.7 billion versus the estimate of 7.67 billion. i find that actually pretty fascinating. we saw microsoft completely dominate on actually the cloud services. you would anticipate amazon would have done better. >> let's bring in kristina partsinevelos. she has more color. >> kevin is going to the bread and butter what we focus on amazon web services. $7 billion. there was a larger increase, you did mention the earnings pershare came much stronger than expected. $7.09, versus estimate of $4.72. that's a massive beat. revenue in line, relatively in line. the estimate was $59.65 billion. you're seeing it at $59.7 billion. so there is a beat there. we're seeing some strength in the physical stores too. so these are the numbers i'm getting right now, $4.3 billion at the moment. so it's a slight, slight increase compared to last year at this time. we're going to get you more
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numbers as soon as they come in. they're slowly coming in right now. melissa: connell, you look like you want to jump in. >> in addition to kevin and erin gibbs, erin sikes is are with us, retail analyst. the numbers good overall. on web services number which is the big one everyone is looking for, how do you look at that compared, again the estimate was 7.72 billion, right? >> the estimate was 7.67 billion. they got 7.7 billion off of that. connell: that's a good number? >> yeah. connell: that is the thing everybody cares about, right? >> i think that is everybody cares about because that is what makes their profits grow. when we saw the actual earnings per share it can beat so well because it is the high margin business for them. so you want to see them grow and actually beat in the aws side. this is the side that faces the most regulatory scrutiny that we're going to see over the next couple years from actually the major political parties because it's a big behemoth has control
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over the actual mobile internet. connell: sometimes we get in the weeds with these types of things, point this, point that, but we might be looking at different estimates sometimes is the case. we use the refinitive estimates. the company has changed hand. dow jones, bloomberg might have a different estimate. either way it is right in that neighborhood. erin sikes, what do you make of what you see at least so far from amazon? it's a behemoth. it makes a lot of money. we know that. revenue looks pretty much where we expected it to be? what would your reflections be real quick on this quarter? >> sure i think amazon is finally taking all the multiple revenue streeps, the separate silos, combining them for real scalability. so using alexa, linking it to whole foods, opening their own grocery store, it is all finally coming together. we don't see a big pop right now, but i think coming forward
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we're going to. connell: i think the question, also, erin gibbs going forward for amazon, i saw some people writing about this earlier, interesting if we get more on the commentary on the call, that the company goes back to the old ways, big spending way. it was known investing in its own business. sometimes that comes at the expense of profitability. i wonder if that will be in the future for amazon? does it go back to really spending on its own business, erin? >> the past year they really cut back. we've seen just insane margins. they have so much room. they have really got incredibly stable revenue growth. when you're talking 18% revenue growth the next two years of a forecast you have a lot of room to run. you can spend more and put more money into capital expenditures. that is something we're not only looking in the reports but also on the earnings call and see if they're going to do that, expand particularly on the ad revenue side because it is another high
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margin, high growth business. connell: that would be a change, kevin, as erin points out what we've seen recently from amazon which has been a focus on profitability. as that number on the screen shows they're making a lot of money. >> one of the ways they actually make a lot of money they're actually just a platform, right? over 50% of their sales come from third parties on their e-commerce platform. they want to grow from 5% overall retail sales to actually 10%. so they're doing that by investing in their warehouses and their distribution and fulfillment centers they have. we saw ups down off investing in that as well. i think there will be a lot of concerns about margins. they also implemented a program now where it is like you can have amazon delivery day where they will try to consolidate shipping, reduce the costs. melissa: doesn't work. >> yeah, listen -- melissa: not good. >> i'm not saying it does work. i'm saying they're trying to find ways to actually reduce their costs, even their own delivery services, right. think about they're buying their
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own fleet of vans to compete. connell: that's true. >> it's a big concern for them. connell: the stock fluctuating in after-hours was up, then down, now back up again. kristina in the newsroom digging further. >> if i may start to trail off what kevin just said, they're talking about profit margins. that has been a concern because sales were starting to slow down. net sales this quarter up 17% compared to last year. an up mark, overall talking about profit march begins, where does the money coming from, cloud computing and advertising. cloud computing is aws, amazon web services and an interesting caveat the biggest, biggest customer for amazon at this moment is apple. apple pays to the tune $30 million per month to get awt, amazon web services which is just an interesting comparison. we're still waiting to see international sales. that is something i'm looking at too given the regulations in india. overall the margins, sales may be slowing down. connell: yes. >> still growing but the margins are remaining pretty fat because
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of the web services. connell: four quarters they slowed down. all relative. melissa: i don't know if you guys hit guidance yet. 2019 guidance operating income is expected to be 2.6 billion to 3.6 billion. and they see second quarter sales at 59.5 billion to 63.5 billion. connell: okay. sales now at 59.6 on the estimate. 59.7 in the last quarter. that is not a big build. connell: they have been slowing down four quarters in a row on sales side. erin sikes, final point on amazon, we'll move on to intel news. it is all relative when you're this big but it is tough to grow at this rate when you're this big, right. >> absolutely. it is just a sign what is really happening in retail overall right now. everything is still growing. it is just slowing down a bit. it is changing. it is shifting. melissa: why do you think that is? connell: a couple mics open.
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don't let that bother you, erin. i will wrap this up for now. the reason we have all the mics open we have a lot of breaking news on top of each other. let's do intel. melissa: breaking news. intel reporting first quarter results. let's go to gerri willis with those numbers. stock is down big time. reporter: they are beating both on top and bottom line. it is forecast for the year really killing this stock, down 7% and change already. they are guiding to 4.35 for the year. analysts expected 4.51. i will do the quarterly numbers in just a second here. the company saying looking ahead we're talking a more, taking that is a more cautious view of the year. they expect the second half to be better than the first half. here is what they said about the current quarter. this is the report, coming in actual number 89 cents a share, versus estimates of 87 cents a share. revenue they came in at 16.1. the estimate 16.02 billion. they're beating on both it the
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top and bottom line but what is weighing on the stock what they're saying about rest of the year. you bet that will weigh on the dow tomorrow. guys, back to you. >> without question is the guidance number. connell: stock down 7%. now it is -- melissa: can i add one more? says china's weakness for intel. inventory correction broadly impacting the quarter. so, weakness in china, that will be a theme that we will see people talking about with the tariffs and with the economy there. connell: yep. we wondered how much that would affect a lot of big multinational companies. the big story today is political. former vice president joe biden finally getting into the 2020 race after months of speculation. how could his policies impact our robust economy? we'll look at that. melissa: the mueller report is out. the fallout is far from over. we're live from the white house with the president's latest
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comments this hour. connell: the measles outbreak spreading across the nation. what the ckc is now saying as amount of cases is hitting a 25-year high. all that and more earnings when we return. ♪ er than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic.
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connell: more breaking news of the this time it is ford that has reported its first quarter results. back to gerri willis on the story for us. looks pretty good, gerri. reporter: it does look pretty good. the estimate was 2. 27. coming in at 44. 40 billion versus 37.8 billion. they beat on top and bottom line. what i saw, they are on track to deliver better 2019 results. that sounds like they are guiding higher. the stock is rising here as you can see. the carmaker in midst of global restructuring. they're ditching sedans to more profitable suvs. they are in the middle of this transition. a beat on both top and bottom line for ford. back to you. connell: the stock is up 3 1/2% plus. bob ceo, bob shanks joining us later this hour. melissa: looking forward to that. breaking news, amazon shares pretty flat after hours
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following a beat on first-quarter earnings, a slight beat on revenue. let's go back to kristina partsinevelos with the latest on this one. kristina, what are people looking at here? reporter: people are looking at the amazon web services came in below estimates. came in at at 67.69 billion. you saw it tapering off because people are going through the filing. what we do know we got the number for fire stick users in the united states. there are 30 million active users that have bought the fire stock. this gives access to a lot of streaming services. keep in mind prime members, we're trying to get a line on the prime members, we know there are just over 100 million prime users alone in the united states. that is 30% of the population. melissa: that is amazing. they aggregate everybody. they suck you in. offer television shows. buy everything that way.
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they own you. i know, they own me. kristina. connell: guilty of that myself. >> yeah. connell: speaking of the web service number is interesting. looks below forecast. joe biden doesn't care about that. melissa: no. connell: he made it official, former vice president officially announcing he is running for president in 2020. let's get to fox business network's edward lawrence live from d.c. edward. reporter: joe biden will be in philadelphia in 90 minutes at a fund-raiser. his first political event running for president of the united states. in the announcement video he didn't offer any of his policy thoughts but went after president donald trump. >> if we give donald trump eight years in the white house he will forever and fundamentally alter the character of this nation, who we are, and i cannot stand by and watch that happen. reporter: biden has been out and about in wilmington, delaware, today. biden addressed why former president obama has not yet
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endorsed him. >> i asked president obama not to endorse and he doesn't want to -- we should, whoever wins this nomination should win it on their own merits. welcome to delaware. reporter: biden has received endorsements from a number of senators and representatives. on democratic side, chris coons from delaware, bob casey, and doug jones. from the house side, lisa blount rochester from delaware. brendon boil, matt cartwright, both from pennsylvania. some democratic establishment applaud biden entering the race. others on the more progressive side of the democratic party not as impressed saying biden has been on the sidelines too long. one big question, if he can get small donation group of money going to senator bernie sanders. tomorrow he is at a large event getting from large donors, home of a comcast executive. comcast is owned by nbc. first public event at the teamsters union in pittsburgh. connell, very busy start to his
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political campaign. connell: he waited a while. now it is on. thank you, melissa. melissa: here is robin biro former obama campaign field director. ford o'connell, civic forum pac chairman. robin, i want to start with you. this is a money show. i want to talk about money mostly. joe biden is late getting out of the gate here in terms of raising money. he has a big fund-raiser tonight, but it represents the old school way of raising money, going to somebody who is a huge corporate donor. in this case the ceo of comcast. they're having people pony up two grand a plate in order to come and sit there. bernie sanders doing pretty much the opposite. getting all those small money donors. some wonder if biden can raise the money the old-fashioned way this late into the race. what do you think? >> it makes me cringe in a way because we're trying to get away from that. so many of the gop are, gop
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attack us for that. it comes across as elitist to have high ticket events. if it works for him he has to catch up. he has ground to catch up on. melissa: okay. >> it will be good for his opponents. melissa: robin, we're having problem with your signal. we're not seeing you while you're talking. we'll try to fix that. meantime i will go to ford. ford, this is the guy who in a stronger economy, probably poses the biggest threat to president trump because his other big contender neck-and-neck as of right now is bernie sanders who has a socialist message, very popular among the kid but if the economy is strong you know it doesn't really lend itself to that dramatic of a change. so you know is this guy, does the economy help joe biden and does it you know, kind of put him on more of a level playing field with president trump in the actual election? >> well, look, i think president trump's biggest asset is the
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economy. whether it is the low unemployment or manufacturing jobs created throughout the industrial midwest. if we move to a general election i do think the joe biden gives democrats the best chance of beating president trump, essentially the 2020 electoral map will be exactly the same pretty much as it was in 2016. when it comes to democratic primary, fund-raising aside, joe biden will spend more time fighting the past then he fights the rest of the democratic field. it is not just me too allegations, iraq war vote, anita hill hearings. the rest of the field will come after them for it. melissa: robin, i understand your feed is okay now. we'll give it a shot, see how that works out. when you look at bernie sanders, he has the excitement of the young people but the economy would be fighting against him as people feel like they are doing better. you have people like jamie dimon, ceo of jpmorgan telling maria bartiromo recently that the consumer has its best balance sheet, they're in the
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best financial shape they have been in 30 years. >> you're exactly right. so what, if you look at what joe biden just said to the firefighters, it was basically he is pitching himself he is more for the middleman. he is talking about, that the trump tax cuts, whether we agree with it or not, he says they benefited the rich and created $1.9 trillion deficit that the middle class will have to pay for. that message may resonate with middle class, may resonate with union workers. we'll have to see, melissa. melissa: ford, he mentioned union workers, they had legs out unthem now that workers didn't have to belong. they lost a lot of money they were funneling in to the directly to the democrat party supporting them. that is a lot of joe biden's base is that union worker. he would be counting on them to vote as opposed to courting them to get money. is that sort of a strategy that
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works these days? >> well, let me put it to this way, yes the supreme court ruling did hurt the union numbers. they lost about 290,000 union dues payers nationwide. i will say this, if biden is going to win the democratic nomination it will primary come from three groups, union workers, african-americans and seniors. that is pretty much who he has to corral. what he has to watch policywise, talking about money and economy he has to make sure he doesn't fall into the bernie sanders trap, basically free health care, free college, free puppies, free unicorns, if he does he will get crushed into the general election because the economy is so strong under president trump. melissa: guys, thank you for speaking with us through those technical props. we got it done. we appreciate it. connell: that's true. maybe we should be for bernie sanders. he is for free unicorns? melissa: i love unicorns. but i love rainbows better. connell: we can get them both. facebook disrupting advertising
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scene big time, we know. the social media giant is literally stealing revenue from cable tv and newspapers. we'll have that for you next. north korea's kim jong-un meeting with russia's vladmir putin. what they discussed and how it could impact the united states. that's coming up. ♪ but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands?
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connell: becoming a major disruptor. let's talk some more about facebook which we focused about yesterday. the company is stealing advertisers away from traditional outlets like cable tv and newspapers. what does this all mean. jackie de angelis is doing reporting on the facebook ad story. good afternoon, jackie. >> connell, the facebook story is about ad revenues right now, how they're targeting the consumer, and how they are using the information user are voluntarily giving to them and how the profits are. trading up 6%, that shows
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wall street believes the it is effective. and keep in mind, overall revenue, just slightly higher, a little bit over $15 billion. so wall street thinks facebook is getting the job done. and certainly can see it in the chart there. what is interesting here, how the ad space is changing and where the growth opportunity lies. on the placement side it is really from the stories feature, facebook, instagram, whatsapp. 500 million daily active users, compare that to facebook itself, about a billion 1/2. you can see the stories have so much room to continue to grow. now facebook doesn't tell you exactly who its top 20 advertisers are but they are those big companies and what's really interesting here coo sheryl sandberg said the top 20 advertisers they're actually representing less than 20% of the company's total ad revenue now. meaning that the advertiser base is now more diverse than it was compared to say last year. smaller companies, they're getting in on the facebook
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advertising game too. here is the other thing about the ad revenue market. at the end of last year, forecasting projected growth 13% for digital ad spend. facebook will capture some of that growth but it is also eating the lunch of the competition like you said of traditional ways of advertising. that is something to watch for. connell: no doubt, that is the real thing here. in our business and other businesses. >> absolutely. connell: jackie, thanks, good stuff. melissa: a nation on edge. the measles outbreak spreading across the u.s. at a record pace. why the cdc is sounding the alarm. connell: president trump pushing back on claims that he asked white house counsel don mcgahn to fire mueller. we'll talk about with bill mcgurn. >> i love him. stephen colbert comparing crowded democrat field to up cop coming blockbuster "avengers: endgame." watch this. >> democrats assembled a group of every available person in the universe, including, kamala
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melissa: firing back at the accusation. president trump saying he never strucked former white house counsel don mcgahn to fire special counsel rob mueller back in 2017. fox business's blake burman is live at the white house with the latest. blake? reporter: mcgahn is at the heart of the issue here as it relates to subpoenas as the white house and president said they will fight all subpoenas going forward. we got a little bit more of the legal tit-for-tat today. escalation continuing as the white house also said today that it will not allow stephen miller to go up to capitol hill and to testify. the white house counsel writing to the top democrat on the house oversight committee that cabinet members are welcome to go up and testify, but miller a senior advisor to the president, a frequent target of criticism regarding president's immigration policies will not. wrying following quote, precedent for members of the white house staff to decline invitations to testify before
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congressional committees has consistently adhered to by administrations on both political party and based on clearly established constitutional doctrine. so after that the democrat heads of house oversight, judiciary, homeland security committees, rather have now written to the temporary head of the department of homeland security, kevin mcaleenan, asking for documents relating to recent senior level staff turn over at dhs here is what they write, quote. we are deeply concerned that the firing and forced resignation of these officials puts the security of the american people at risk. we are also concerned that the president may have removed dhs officials because they refused his demands to violate federal immigration law and judicial orders. bottom line, melissa, democrats up on capitol hill asking for document the. sending subpoenas and you've got this white house saying that they are not going to let members current and past of the trump administration to up to the hill and comply with these
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subpoenas and all of this appears, is just beginning. melissa: another day in the swamp, blake, thank you. connell: bill mcgurn is here from the "wall street journal" with us in studio. and, bill, want to talk about that subpoena fight blake outlines in a moment. what do you make of the don mcgahn story? also always to see which stories president bushes back, he is directly contradicting the mueller report, he did on effect technicalitity -- >> parse the words. connell: he wanted mueller out and wanted mcgahn to take care of it. >> this is an unnecessary battle. president's often say things. not that people are defying them. no president i think can or should tolerate someone who is going to disobey a direct order. so mr. mcgahn stayed on for 18 months, he must not have thought anything untoward or asked of him. interesting to see if he testifies. connell: it went away. >> it went away.
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bigger issue is the president has the right to fire special counsel. whether it is right to do it i would agree with mr. mcgahn, that was not the right thing to do. connell: right. >> i think we see that now because he has been exonerated but he has the right to fire him. it is also true the president might wish to fire someone through someone else rather than take that step. connell: through rod rosenstein in this case what the mueller report said. what do you make of the subpoena fight blake is talking about with the white house officials? stephen miller says there is precedent for this. other white houses fought the subpoenas. >> yes, we had, before the democrats took over the house we had republicans on committees fighting with the fbi and department of justice for documents. so you know, it could end up in the court, if the president asserts executive privilege. i think he has the right on some of the information. probably has some right to do that but it could take a long time if people don't cooperate. connell: what would be the
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better thing to do politically? get it out of the way, let them testify, let's move on or drag it out maybe you have don mcgahn or mueller himself -- >> depend what the calculation is. if the calculation in the white house they want to get, find the answer to this and move on, then i might cooperate but if you think that this is just the latest thing that they're throwing at the wall to see what sticks, you say i'm not going to indulge that. connell: right. >> i think our system is based on congress, the president, and the court having separate functions in themselves and jealously guarding those functions. the founders assumed that each side would assert its rights. this could go on for a while. i think the democrats are just like the subpoena cannon, shooting everywhere, hoping something hits. connell: we know what the next year-and-a-half, two years, however long will look like. >> exactly. thanks. connell: bill mcgurn. melissa. melissa: north korean leader
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kim jong-un and russia's vladmir putin making a joint pledge for closer ties during a one-on-one summit today. what that could mean for u.s. efforts to denuclearization the rogue regime. plus, ford's new strategy. the auto company cruising towards a driverless future. we'll talk to ford cfo bob shanks about the company's move next. ♪ ♪ there are roadside attractions. and then there's our world-famous on-road attraction.
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connell: on breaking news, ford motor company shares are really soaring in the after-hours trade following a beat on first-quarter earnings and revenue. pickup trucks sales have been terrific for ford. they remain strong. the core u.s. market, stock is up by more than 8 1/2% right now. bob shanks, cfo of ford joins us. bob, good to see you. people were expecting a better quarter. some improvement. a little improvement. this is more than a little. very, very strong numbers. f-series pickup trucks are selling like crazy. the credit side of the business looks very strong. try to go in order if i go big picture you're more confident about the full year, 2019. should we interpret that as ford basically raising the forecast? >> no, i think it is exactly what you suggested, connell. we're more confident, given the really nice start that we had to
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the year. we're more, we said back in january we had the potential to improve. there was a lot of uncertainty around the environment. brexit, the redesign of our business, how our social partners would react. we're now in the latter part of april, and quarter came in well. and on a lot of elements of concern that we had, we feel a lot better about them. connell: many of those he will men came from outside of -- elements came out of north america but outside the united states. north america, better than expected, but those outside of the u.s. concerns, let me ask you about a couple of them. number one, europe. brexit, you brought up. what if it is doesn't really work out as you hope. what if we have quote-unquote hard brexit what would that mean for ford? >> that is not good for ford. that is not good for a lot of companies operate in the uk. we've been very vocal about that. i think the government understands that. it is doing everything it can possibly to do try to find the
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space where they can affect a soft brexit, to satisfy a lot of different stakeholders that have a lot of different points of view. that would not be good. connell: would you move out of the uk? >> we would rethink our presence in the uk. it would substantially change the overall viability of the business. connell: china, we talk about it all the time with regard to trade, i notice your numbers there are improving, right? you're not losing as much in china. what is the key for you in china right now? is it your trade deal or your own execution? >> well certainly the trade issues last year with problematic. i think we're seeing at least a bit more stability. we don't know when and what the trade agreement that has been discussed in the press, what it will actually be, but at least seems to be a bit more stability there at the moment. this is really more a ford issue. much we're working very hard to get the business righted and moving forward in the right track. we certainly saw a lot of improvement on the consolidated side of the business,
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consolidated operations. we saw lower result at the joint ventures. we're really please with the start of the year in china. shows a lot of progress but we have a lot of work ahead of us. connell: fair enough. great numbers in north america. that is helping to drive things, very good night for the stock. i'm sure tomorrow as well. good to see you, bob. thanks for coming on. >> thank you. connell: bob shanks. melissa: on a ritz? russian president welcoming north korean dictator kim jong-un to a coastal city in russia for the first summit between the two leaders. putin insisting north korea is ready to denuclearization if it gets international security guaranties. fox news's greg palkot has the latest details. greg? reporter: mixed signals coming out of the summit involving north korean leader kim jong-un and russian president vladmir putin today. it was the first time the two had met. it happened in the eastern russian port city of vladivostok. it happened as relations between the u.s. and north korea
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recording the north's nuclear program, well, they are not in great shape. the talks went on longer than expected. one-on-one staff meetings and a splashy dinner. they were a bit on the formal side by generally friendly. no real agreement, but important messaging from putin. he and washington agree on the need for north korea to give up nuclear weapons but he says that pongyang needs more security guaranties including other countries than the united states for example, russia. kim jong-un did not get what he probably was expecting from putin, some easing international sanctions that are hurting his economy so well. but he got more time on the global stage especially after the failed hanoi summit involving kim and president trump. president putin does say he will be debriefing president trump as well as the chinese leadership. he is off to bejing right now. first things first. back to you. melissa: greg, thank you.
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here now to react is retired lieutenant colonel daniel davis. he is a defense priorities military expert. i mean first of all, how much credence do you give to a message delivered by vladmir putin? >> well anytime you see anything publicly given like that you can pretty much count on the fact it is only a partial information or even partial truth but i think the bigger issue here is what we see kim jong-un is trying to show the world that he is not part of this hermit kingdom. he is not just limited to the united states and north korea. he wants to expand his view and show he can actually operate on a global stage. that is actually good for us because that shows he is not an irrational actor, that he can be deterred because some people want to say, he can't be trusted because he may not be able to be deterred later on but he can be which works in our favor. melissa: vladmir putin though, saying what is very logical, that the only way kim would give up his weapons if his security could be guaranteed and, boy,
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isn't that a tough run to work with because we know that is the only way he will give them up but at the same time there are obviously tremendous human rights abuses going on within his country. he is in a lot of danger if he gets rid of his nuclear weapons. they are what kept him in power. early on when it seemed like the president was making progress, the first criticism he got was that he wasn't being hard enough about all the, human rights violations that are going on in kim's country. so even if it were desirable, the west couldn't possibly guarranty you know, that he would stay in power and guarranty his safety, right? >> you saw first-hand what happened in hanoi when we tried to take the so-called tough approach and push back. because i was in hanoi at the time. i was talking to some south korean officials they expected to be what we called a small deal instead of no deal we got. that pushed back things unnecessarily. you hit the nail right on the head. we have to be able to produce,
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to go after peace on the korean peninsula first and give kim jong-un any kind of assurances that he can give those nuclear weapons up. if we go for denuclearization up front that is almost guaranteeing our policy will fame. we can't go down that path. we have to go down a path that will succeed. fostering peace between interkorean nation relations between north and south. then you have could have a rational discussion about denuclearization. melissa: how do you that exactly? if you talk peace between north and south, that eventually involves the united states leaving the area and giving up south korea and the region? >> that is way down the line. those comments or those discussions can be had later on if the threat is gone away. i mean that is the whole reason they're there right now. but what we can do is take some definite steps in the right direction, you know, to show that we don't have hostile
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intent towards north korea. we can facilitate interkorean economic development. facilitate discussions with north korea and moves us towards peace and away from potential confrontation. it will take time and commit to a peaceful direction, show it could be a win-win for everybody, we have a chance for long-term security for the entire region. melissa: colonel davis, thanks for joining us. >> always my pleasure. thanks. connell: more cases reported in the united states, the measles outbreak spreading to 22 states. we'll have the latest details on this highly contagious disease coming your way next. ♪
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>> let's get to the measles and this crisis, what it's turned into. we are at 25-year high with a report of cases across 22 states. the numbers from the cdc. david lee miller is live in the newsroom with the latest on it.
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david? >> you know, the authorities now say there are 695 reported cases of measles in 22 states but no one knows how many people have the measles and have not sought help. in the near term, the cdc says it expects the number of people that are infected with the measles to continue to rise. the overwhelming majority of cases are an orthodox jewish communities in the new york city area. also been a large outbreak of the disease in washington state. according to the cdc, misleading information about the vaccine is preventing people from immunizing their families. for many children, a case of the measles can be a mild illness. authorities warn, it can be deadly. >> 2 out of a thousand kids with measles actually die. i can't tell you whether your child is going to have the mild or severe illness, why would you take the risk? you should go ahead and vaccinate them and protect them. >> according to the world health organization, before the introduction of the measles vaccine, back in 1963, 2.6 million people died yearly of
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measles. and there are still about 100,000, if not more, globally each year that suffer from the disease. the cdc's bottom line here is get the vaccine. >> yeah, no doubt. david, thanks. >> all right. that does it for us. >> see you tomorrow, bulls & bears starts right now. >> -- will forever and fu fundamentally alter the character of this nation. david: for the third time in his life, former vice president joe biden announcing a run for the presidency and becoming the 20th democrat to jump into the 2020 race. this is the largest presidential field in history. president trump welcoming sort of biden, trump warns it will be a quote nasty race and it looks like it's already begun. this is bulls and bears thanks for joining

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